Retirement Income Solutions Inc Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Retirement Income Solutions Inc lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 380 shares of the retailer’s stock after purchasing an additional 13 shares during the period. Retirement Income Solutions Inc’s holdings in Costco Wholesale were worth $348,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. AMF Tjanstepension AB bought a new stake in Costco Wholesale in the third quarter valued at $42,896,000. Swedbank AB lifted its position in shares of Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the period. Wealth Alliance Advisory Group LLC boosted its stake in shares of Costco Wholesale by 6.3% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 1,408 shares of the retailer’s stock valued at $1,248,000 after purchasing an additional 84 shares in the last quarter. Verde Capital Management increased its position in shares of Costco Wholesale by 246.8% during the third quarter. Verde Capital Management now owns 1,446 shares of the retailer’s stock valued at $1,282,000 after buying an additional 1,029 shares during the period. Finally, Veracity Capital LLC raised its stake in Costco Wholesale by 8.0% in the third quarter. Veracity Capital LLC now owns 1,435 shares of the retailer’s stock worth $1,272,000 after buying an additional 106 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

COST stock opened at $1,071.85 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a market cap of $475.79 billion, a P/E ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The stock’s fifty day moving average price is $969.49 and its 200-day moving average price is $923.85.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on COST shares. BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Sanford C. Bernstein started coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, February 3rd. Finally, Robert W. Baird increased their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.